Core Viewpoint - Hu Shang Ayi (Shanghai) Industrial Co., Ltd. has successfully listed on the Hong Kong Stock Exchange, with a closing price of 158.40 HKD, reflecting a 40.03% increase from its opening price of 190.60 HKD [1] Financial Performance - The total market capitalization of Hu Shang Ayi is 16.607 billion HKD [2] - The company's revenue for the years 2022, 2023, and 2024 is reported as 2.199 billion HKD, 3.348 billion HKD, and 3.285 billion HKD respectively [6] - Adjusted net profit for the same years is 154 million HKD, 416 million HKD, and 418 million HKD, indicating strong overall growth [6] Expansion Strategy - As of December 31, 2024, Hu Shang Ayi is projected to have 9,176 stores nationwide, up from 5,307 in 2022 and 7,789 in 2023, with an average annual opening rate of around 2,000 stores [5] - The number of franchise stores has increased significantly, with 5,244, 7,756, and 9,152 franchise stores in 2022, 2023, and 2024 respectively, showing a growth rate of 47.9% in 2023 [6] Fund Utilization - The net proceeds from the IPO, amounting to 195 million HKD, will be allocated to enhancing digital capabilities, improving raw material quality, upgrading equipment, strengthening supply chain capabilities, expanding the brand presence, and general working capital [3]